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Are transfer on death deeds valid in Ohio?

More than 25 states, including Ohio, now allow the use of Transfer-On-Death deeds. You dont have to actually live in a state that allows TOD deeds to be able to use one, but the property must be located in such a state.

How do you avoid probate in Ohio?

One of the most common ways to avoid probate is by using a trust. A trust creates a separate legal entity that owns your assets and is managed by a trustee. By naming yourself as the trustee of a living trust, you can still manage the assets that have been placed in the trust.

Does Ohio allow TOD deeds?

Yes. Ohio law allows individuals who do not need the estate administration benefits of a trust agreement to avoid Probate on the transfer of real property by executing a legal document called a Transfer-On-Death (TOD) Designation Affidavit. What is a TOD Designation Affidavit?

Does Ohio recognize transfer on death deeds?

More than 25 states, including Ohio, now allow the use of Transfer-On-Death deeds. You dont have to actually live in a state that allows TOD deeds to be able to use one, but the property must be located in such a state.

What is the disadvantage of TOD?

TOD/POD disadvantages: these accounts pass directly to the beneficiary and do not go through probate, if the executor does not have enough probate assets to pay the debts of the estate, creditors are entitled to claim some non- probate assets, including TOD accounts.

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